Announcements

FSRA’s mission is “public service through dynamic principles-based and outcomes-focused regulation”. We believe this approach will lead to a financial services environment that is innovative, flexible, collaborative and responsive, promoting high standards of business conduct and better protecting

FSRA is releasing its Q1 2024-25 service standards scorecard. According to the report, FSRA met or exceeded 91.4% of its service targets across all regulated sectors. The quarterly report evaluates FSRA's operational and regulatory activities, including license renewals, regulatory applications

Mortgage professionals should be aware of new legislation that states that Notices of Security Interest (NOSIs) registered against homeowners’ property titles for consumer goods, like water heaters, are now expired. This is the result of the Ontario Government’s Homeowner Protection Act, which was

The Financial Services Regulatory Authority of Ontario (FSRA) has released its Q2 2024 Solvency Report and the 2023 Report on the Funding of Defined Benefit (DB) Pension Plans, highlighting the resilience and stability of Ontario's pension plans in the face of ongoing market challenges. Key

Ontario’s financial services regulator, FSRA, is warning consumers that a business using the name of Ottawa Federal Credit Union (also known as Ottawa Credit Union or Ottawa Canada Credit Union) is not a registered credit union in Ontario. FSRA encourages consumers to be careful if they are

Ontario’s financial services regulator, FSRA, is warning consumers that Vatsal Pareshkumar Khamar (also known as Vic Kumar) is not licensed to conduct mortgage business in Ontario. We urge consumers not to obtain mortgages from or arranged through Khamar. There are potential risks. Consumers getting

Ontario’s financial services regulator (FSRA) is releasing its inaugural Private Residential Mortgage Lending in Ontario Report, which informs its supervision priorities in the mortgage brokering sector. FSRA has made private mortgages a key focus of its mortgage brokering sector supervision plan in

Ontario’s Financial Services Regulator (FSRA) is committed to making sure consumers have access to auto insurance rates that are fair and reasonable. To support this, FSRA is now consulting on the Draft Ontario Private Passenger Vehicles Annual Review. The Annual Review looks at auto insurance

Ontario's financial services regulator, FSRA, has initiated enforcement action against Jensen Ocampo (Ocampo). FSRA alleges that Ocampo repeatedly contravened section 2(2) of Ontario Regulation 7/00 (in force at the time) by paying a rebate of all or part of the premium stipulated by a policy to a

Ontario’s financial services regulator, FSRA, has issued an Order against Xylem Canada Company (Xylem). Xylem contravened the Pension Benefits Act, R.S.O. 1990, c. P.8, and its regulations, by failing to submit regulatory filings for 2022 and 2023 relating to the Xylem Canada Company Pension Plan